Insurance and financial services in Japan
Japan: Insurance and financial services was 7.5% in 2025. ▲ Rising
Insurance and financial services in Japan, 1996–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2025, insurance and financial services in Japan stood at 7.5%.
That represents a change of up 5.1% on the previous year and down 0.2% over ten years.
Over the whole period, insurance and financial services in Japan peaked at 11.2% in 2020 and was at its lowest, 2.7%, in 1998.
That places Japan 49th out of 190 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Insurance and financial services in Japan, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1996 | 5.0% | — |
| 1997 | 3.2% | -35.6% |
| 1998 | 2.7% | -17.0% |
| 1999 | 3.2% | +22.1% |
| 2000 | 4.4% | +36.7% |
| 2001 | 4.1% | -8.0% |
| 2002 | 4.2% | +3.2% |
| 2003 | 5.0% | +19.7% |
| 2004 | 5.8% | +14.0% |
| 2005 | 5.9% | +3.2% |
| 2006 | 7.2% | +21.4% |
| 2007 | 6.3% | -12.4% |
| 2008 | 4.6% | -27.2% |
| 2009 | 4.8% | +3.9% |
| 2010 | 3.7% | -22.7% |
| 2011 | 4.2% | +12.8% |
| 2012 | 3.2% | -24.1% |
| 2013 | 3.5% | +12.0% |
| 2014 | 5.6% | +56.9% |
| 2015 | 7.5% | +34.7% |
| 2016 | 8.2% | +9.1% |
| 2017 | 7.0% | -14.5% |
| 2018 | 7.2% | +3.5% |
| 2019 | 8.1% | +12.0% |
| 2020 | 11.2% | +38.2% |
| 2021 | 9.4% | -15.6% |
| 2022 | 8.4% | -10.8% |
| 2023 | 7.7% | -8.7% |
| 2024 | 7.1% | -7.4% |
| 2025 | 7.5% | +5.1% |
Japan compared with similar countries
- Japan's 7.5% is above the median for high income countries, which is 5.3%, 1.4× the median. (69 countries reporting)
- Japan's 7.5% is above the median for East Asia & Pacific, which is 1.4%, 5.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.5% | 2.7% | 5.0% | 4 |
| 2000s | 5.2% | 4.1% | 7.2% | 10 |
| 2010s | 5.8% | 3.2% | 8.2% | 10 |
| 2020s | 8.6% | 7.1% | 11.2% | 6 |
Countries ranked near Japan
More private sector data for Japan
- Merchandise trade 33.7% (2025)
- Food imports 9.8% (2025)
- Manufactures imports 59.9% (2025)
- Merchandise imports 755.55 billion current US$ (2025)
- Food exports 1.3% (2025)
- Manufactures exports 80.6% (2025)
- Merchandise exports 738.34 billion current US$ (2025)
- Merchandise exports (current US$), per capita 5,985 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1665 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4.43 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Japan?
- Insurance and financial services in Japan was 7.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Japan?
- The highest recorded value was 11.2% in 2020.
- What is the lowest insurance and financial services recorded in Japan?
- The lowest recorded value was 2.7% in 1998.
- How does Japan rank for insurance and financial services?
- Japan ranks 49th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Japan?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is rising.
- Where does this Japan data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.